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Huntington Campaign Secures $1 million Kresge Grant

The Huntington Theatre Company is pleased to announce the award of a $1 million challenge grant from The Kresge Foundation for its Setting the Stage Campaign. The grant comes from Kresge’s Bricks and Mortar program, which provides funds to build facilities and to challenge private giving. The “challenge” is for the Huntington to raise the balance necessary to meet its Phase One goal of $16.5 million.

“This generous and timely grant from The Kresge Foundation is an indicator of the national importance placed on our building of Boston’s first new theatres in over 75 years,” says Huntington Managing Director Michael Maso, “and Kresge’s challenge will provide yet another reason for Boston’s corporate, foundation, and individual donors to join with us to ensure that we complete Phase One of this Campaign.”

“The Kresge Foundation is pleased to make this challenge grant to the Huntington’s campaign,” says John E. Marshall, III, President and CEO of The Kresge Foundation. “In approving the grant our Trustees expressed their confidence in the Huntington’s supporters stepping up to bat to meet this challenge for the Huntington, an important cultural resource for Boston.”

The Huntington is in the midst of the first Capital Campaign in its 22-year history, to raise funds to build two new theatres at the Boston Center for the Arts and to establish an endowment to support expanded operations. The Campaign is a $19.7 million, two-phase effort to fund construction and raise endowment. Phase One will raise $16.5 million, and Phase Two will raise $3.2 million. To date, the Huntington has raised $12.6 million towards its Phase One goal of $16.5 million. The Huntington must raise the remaining $3.9 million by January 1, 2005 to meet the terms of the Kresge challenge.

The Kresge Foundation is an independent, private foundation, created in 1924 by the personal gifts of Sebastian S. Kresge. It is not affiliated with any corporation or organization. Grants are made to institutions operating in the areas of higher education, health and long-term care, arts and humanities, human services, science and the environment, and public affairs. Grants are made toward projects involving construction or renovation of facilities and the purchase of major capital equipment or real estate. Grant recipients have raised initial funds toward their respective projects before requesting Foundation assistance. Grants are then made on a challenge basis, requiring the raising of the remaining funds, thereby insuring completion of the projects. At the time of December 2003 grant announcements, the Foundation had awarded 138 grants in 2003 for a total of $104,640,600.

Huntington Theatre Company and the Boston Center for the Arts (BCA) have entered into a partnership to build, manage, and program two new theatres at the BCA – the 360-seat Virginia Wimberly Theatre and the 200-seat Nancy and Edward Roberts Studio Theatre. The Huntington is responsible for raising the funds to build the theatres and will manage the new facilities. In addition to providing a second stage for the Huntington’s new play development initiatives, the new theatres, which will be cooperatively programmed by the BCA and Huntington, will also host a range of performances by smaller arts organizations. The new Theatre Pavilion is scheduled to open in the fall of 2004. These new theatres will fulfill a longstanding desire for expanded facilities by the Huntington, which will continue to present primarily at its current home, the 890-seat Boston University Theatre on Huntington Avenue.

Compiled from the press release courtesy of the Huntington Theatre Company (website | profile | tag archive). Your source for news and information about Boston Theatre. Join our email list, follow us on Twitter @exploretheatre and become a fan on Facebook.

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